“Formal education will make you a living; self-education will make you a fortune.”
~ Jim Rohn
VCs swing for the fences and only invest in companies they think can give them a “10X” return or 10 times their money back.
This is because even with all their relevant experience, the average venture capital firm will lose money on half the companies they invest in and only break even on a third.
Where VCs make their money is on the approximately 20% of companies they invest in that see explosive growth and provide remarkable returns of 10 times or more on their investment.
So, a key criteria when seeking venture capital is that you can offer the potential of a 10X return to them. If not, that’s ok; just seek other funding options than venture capital.
Forget Old School!
The “old-school” way of raising venture capital is DEAD!
And that’s why I created this page for you… to show you how to do it right.
There’s a common mistake almost every entrepreneur makes… and if you approach venture capitalists like most entrepreneurs, you’ll NEVER get funded.
Today’s Question: According to a national survey, what is the most productive day of the work week?
Previous Question: Where did Dell Computer’s first advertisement appear?
Answer: On the back of a pizza box
Clearly this was not the ideal advertising medium to sell computers, but a startup has less cash and needs to do more guerilla marketing to get the word out. Since the market for computers is widespread, pizza eaters were within the company’s target customer profile.
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